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Key takeaways. The current average personal loan interest rate is 12.36%. Excellent credit results in the lowest rates — and poor credit may have rates over 30%.
Potentially high rates. Interest rates on personal loans can vary significantly based on your credit score, ranging from 7% up to a whopping 30% or higher. Higher rates can substantially increase ...
Advertised interest rates range from 8% to 36%, though the average interest rate on a two-year personal loan was 11.92% as of May 2024, according to the Federal Reserve Bank of St. Louis.
While the average personal loan rate currently sits at a high 11.54 percent, many experts are wondering if the Fed is done raising rates as inflation slowly declines. Most economists predict ...
Although average personal loan rates can be as low as 10.73 percent for borrowers with an excellent credit score they may be as steep as 32 percent for borrowers with poor credit.Interest rates ...
The average personal loan interest rate as of March 20, is 12.10 percent. Though further rate hikes are unlikely, rates remain at historic highs. How the Fed impacts fixed vs. variable-rate loans .
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